.jpg "The Big Cash Blind Spot: How UK businesses are leaving billions in cash exposed and underperforming")
Are your business savings protected?
We commissioned research to survey 500 senior leaders with responsibility for treasury and banking decisions across UK businesses.
This report is the first of its kind to examine how UK businesses with meaningful cash holdings really manage that cash: the risks inherent in their approach, the returns they may be missing, and the opportunities that remain largely untapped.
Our research showed that UK business leaders have a blind spot when it comes to managing their cash.
One in three businesses with multiple banking relationships holds more than £1 million at their primary bank alone. For those eligible for FSCS deposit protection, that is more than eight times the £120,000 limit per bank.
We hope this report starts a conversation and gives every CFO and business leader the information they need to act on it.
Sample of key findings from UK-wide research
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1 in 3 businesses holds more than £1 million at their primary bank. More than 8x the FSCS limit for those eligible for deposit protection
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£42,000. Estimated interest missed annually by a business holding the average cash balance in our report
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4.5 hours per week. The average time senior leaders spend managing banking relationships
Testimonials
Before Insignis, we accepted a lower rate of interest with incumbent banks due to the time and resource needed to set up new accounts. This was considerable given the interest rate volatility we are seeing in the market. Signing up with Insignis Cash has done away with all of that for a modest fee. We are happy with the service provided and would gladly recommend Insignis to other companies like us.
Sophie Cave, Finance Manager
Before Insignis, we accepted a lower rate of interest with incumbent banks due to the time and resource needed to set up new accounts. This was considerable given the interest rate volatility we are seeing in the market. Signing up with Insignis Cash has done away with all of that for a modest fee. We are happy with the service provided and would gladly recommend Insignis to other companies like us.
Sophie Cave, Finance Manager
Before Insignis, we accepted a lower rate of interest with incumbent banks due to the time and resource needed to set up new accounts. This was considerable given the interest rate volatility we are seeing in the market. Signing up with Insignis Cash has done away with all of that for a modest fee. We are happy with the service provided and would gladly recommend Insignis to other companies like us.
Sophie Cave, Finance Manager
Does your business have a cash blind spot?
